Why is HPL Electric falling/rising?

As of 13-Oct, HPL Electric & Power Ltd's stock price is currently at Rs 438.30, reflecting a decrease of Rs 6.95, or 1.56%. The stock has underperformed its sector today by 0.71%, having touched an intraday low of Rs 435.45, which is a 2.2% decline. Over the past week, the stock has fallen by 4.54%, and its performance over the last month shows a significant decline of 10.73%. Despite positive financial results over the last eight quarters, including a high return on capital employed (ROCE) of 13.98% and a low debt-equity ratio of 0.70, the stock has generated a negative return of 20.67% over the past year, indicating weak long-term fundamental strength and low investor confidence, as evidenced by the absence of domestic mutual fund holdings.
In the broader market context, the Sensex has shown a positive return of 0.66% over the past week, contrasting sharply with HPL Electric's decline. The stock's performance has been significantly worse than the market, with a year-to-date return of -19.49% compared to the Sensex's gain of 5.36%. This underperformance highlights the stock's struggles, particularly in light of its high debt to EBITDA ratio of 3.34 times, which suggests a low ability to service debt. The overall market sentiment appears to favor other investments, as indicated by the lack of domestic mutual fund interest, which may further contribute to the stock's downward pressure.